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	param	t-stat
$ω$	1.0849	7.43
$α$	0.0905	11.20
$β$	0.9053	113.15
$γ_{1}$	0.0262	2.31

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Shopify Inc. Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:17.72 (-0.61)

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News Impact Curve

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